ECONOMICS

JAMB 2000 - Question 10

Economics 2000 JAMB Past Questions - Question 10: In the diagram above, L(sub,1),L(sub,1) and L(sub,2),L(sub,2) are budget lines. L(sub,1),L(sub,2) and L(sub,3) are indifference curves. Which points are optimal?

Choose the most appropriate option for the gap .
In the diagram above, L(sub,1),L(sub,1) and L(sub,2),L(sub,2) are budget lines. L(sub,1),L(sub,2) and L(sub,3) are indifference curves. Which points are optimal?
In the diagram above, L(sub,1),L(sub,1) and L(sub,2),L(sub,2) are budget lines. L(sub,1),L(sub,2) and L(sub,3) are indifference curves. Which points are optimal?
A:
B:
C:
D:
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Correct Answer

C

Explanation